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20121222
20121230
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Search Results 0 to 13 of about 14 (some duplicates have been removed)
that he can actually resubmit a new law and if so, does this -- today's decision only equal a decision that is a temporary setback? >> indeed. it is a temporary setback. within the last few hours, the government officials have been saying that the law will be redrafted to conform with the court ruling. it will be resubmit to do lawmakers and the chances are that it will be passed again. there has been a lot of uproar at this tax in france, a lot of wealthy entrepreneurs moved abroad to other countries in the region. today's court decision could see them delaying departures for the time being. they may well still have their suitcases ready in the corner. >> kelly: to your point, i wanted to ask but that because for the wealthy people living in france, those making more than $1.2 million a year, who would incur the 75% tax should it go through once he resubmits it, how have they responded to the proposed tax hike and the -- i understand the french billionaire, who is the chief executive officer of moa, ask louis vitton, filed an application for belgian nationality and an actor looking to
in the house so it's got no chance whatsoever of becoming law, end quote. that's what i said back on july 25th. the only reason we ever allowed that vote on that proposal is i said at that time was that we knew it didn't pass constitutional muster. and the democrats were really serious, they would proceed to a revenue bill that originated in the house as the constitution requires and as i called on them to do again last week. to repeat, the so-called nate bill is nothing more than a glorified sense of the senate resolution. so let's put that convenient talking point aside from here on out. last night i told the president we'd be happy to look at whatever he proposes but the truth is we're coming up against a hard deadline here and, as i said, this is a conversation we should have had months ago. and republicans aren't about to write a blank check or anything senate democrats put forward just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. that having been said, we'll see what the president has to propose. members on both sides of the aisle will
they want to bill, the infrastructure, the programs they make into law. guest: i think james hits on the virtue of a flat tax, having a low, single rate, getting rid of all the loopholes in the tax code and having the government learn to live within its means. that would take some time, but it is eminently doable with positive reforms on the entitlement for younger people. you do not have to change the benefit formulas for those on medicare or social security or who are about to go on those systems. as younger people know, those systems are headed for a crash. the sooner we reform them in a positive way, the better. the key to do it is not by raising taxes, but by having a low single rate and they learn to live within it. i think you'll have a much more prosperous country for it. host: let's end where we started. what do you think the best solution in your personal view and your business view is to the fiscal cliff situation? guest: aside from not doing something foolish and the next three or four days -- that is why i do not mind kicking the can down the road -- would be to follo
countries, seen for retaliation for a new law in the u.s. that seeks to punish russians for human rights violations. the ban will take effect on january 1st, that's really right away it would halt all new adoptions and end those already in progress. incredible. a lot of families in the process of adopting children in russia. >> those poor kids. >>> want to move on to the weather. lots of snow, wind, hail everywhere across the u.s. the storm that brought snow and spun off tornadoes is still not over. ten deaths blamed on the storm. more than 2,400 flights have been canceled. it could dump more snow on new england and upstate new york today. boy, they don't need that. bonnie schneider with a look at the forecast. good morning. >> good morning. the storm we've been talking about is working its way to extreme northeastern new england. it is hitting canada hard. quebec is getting more snow. i mentioned yesterday that cold air would come in behind the system. it sure has. scranton at 26. below freezing in new york city at 31. just to let you know, it's not over yet. a brand new storm system se
. >> with that perspective, now that the affordable care act will begin to become fully finalized into law over the next couple years, we keep hearing those on the conservative side is concerns about what it will do to the country. what are your concerns? will this be a good thing? >> yes, it will. right now, we have $50 billion a year of uncompensated care. people who do not have insurance, do not have medicaid, medicare, private insurance, mode carry coverage, they are not insured. they have access to health care in emergency rooms and if they cannot pay, and they do not go to bankruptcy, it costs -- the care does not go away. it is shifted to the rest of us who do have insurance. $50 billion. it could be as much as $1,500 per person. paying for those who do not. you have everybody in the system all injured one way or another, then the uncompensated care goes away. it is no longer borne by those of us who are beneficiaries of an insurance program. that alone is a hidden tax people do not focus on unless it is pointed out to them. it raises the cost to everyone else. the fact never gets talked about. s
into law. if you're among republicans is if you reach an agreement now and agree to tax increases, the spending cuts will get undone or never will be followed through on. that's one of the things that has held back talks, because republicans are skeptical that democrats will follow through. host: charles is on the independent line from colorado. caller: good morning, steve. i listened to it the myopic dogma in this segment over and over. the only people i can blame on this are the american people. the people who sit here and listen to these guys that are extremists and and they vote him into office -- them into office. i hear people say let's get rid of epa. if you look at how much epa takes out of our budget, that's like worrying about nothing gary people need to turn off the tv and start studying more. crack some books. look at economic spirit trickle-down economics does not work. name a country where it has worked? maybe estonia. but it's not working in greece. i heard a great saying that says when time gets tough, everyone is a keynesian. turn off the tv. not c-span of course.
minister who says he will consider changing the law governing central banks getting more politically involved. lori: we have larry in the pits of the cme. telling us why the pessimism on the fiscal cliff is making him bullish, believe it or not. and it is time to get defensive. larry, we will begin with you. how can you see this sorting out at the end of the day, a big deal, a little deal, no deal at all, what is the outcome? larry: the odds are pointing to a mini deal. expectations for a big deal are fading and fading quickly. it looks like it will be a mini deal with the tax extension will help those making under $250,000 per year and will not address the debt ceiling or spending or anything like that, it will be a patchwork of things that will make the market very nervous but given it is christmas eve, people are little bit negative but most christmas shopping. david: larry, round this time the irs issues its formal withholding guidance for the coming year. >> it'll be a bigger document than what we are used to because it will be giving guidance they are not sure even how to give
. arizona's attorney general proposing to change the state law that would allow an educator in each school to carry a gun. the "l.a. times," the city of los angeles collected more than -- this story is unbelievable. they collected more than 2,000 firearms part of a guns for groceries buyback program. 75 assault weapons were included in that and two rocket launchers were turned in for cash. >> they got steak and shrimp for the rocket launchers. what about teachers with guns in classrooms? >> i mean, it's amazing to me. i had randy wine gart ten of the american federation of teachers on my show last night. it's outrageous to me on two levels. one, you're going to put more guns into schools it to try to deal with getting guns out of the school. you don't have money for students. you don't have money for sports and arts. you don't have money for anything you need in school, but you're going to find money to buy guns, bullets and training for teachers? where did the conservatives come up with this money from? how, if you had an armed teacher, would that have solved newtown? it would have made t
in their own pockets or they become lobbyists. this secreted a law that they should not be able to become lobbyists for a few years sucker they leave congress or senate. they need to just bring america back up. if it would bring more jobs back to america, then we would have more taxes to be collected. host: more in the financial times this morning. capitol hill plays out a cliffhanger is the headline. the right the mood of the members matches the state of negotiations, l tempered, resentful and having their christmas breaks interrupted by another partisan budget impasse and in no frame of mind a compromise. we are talking about the senate negotiating a on the air. caller: thank you for taking my call. i am going to join the democrats, at least most of them, i hope. i am so disgusted and so disheartened. i feel that the republicans are being obstructionists on purpose. that is obvious. anyhow, they need to -- it is not about parties and politics anymore. it comes down to looking out for america. ok? host: why do you think they are being obstructionist? what do they have to gain by doing th
the president needs to do. there is nothing he has to sign. as a matter of law the law changes in january and taxes go up. president doesn't have to do anything. he can sit back and as taxes go up on everybody including that 1% that he has been after, nothing has been done on spending. sequestration could be rolled back with retro activity where the president thinks he is better shape on spending in january. patti ann: alan? >> you forget the president offered boehner a deal to keep taxes keep the bush tax rate on 98% of the americans. keep those tax rates where they are. not raise taxes and boehner rejected that. he had opportunity -- excuse me, i'm still talking. he has opportunity now to do exactly what the republicans say they want and boehner rejects it. >> it is beyond revenue. it is about spending. that is our problem. >> you can stop going over cliff first of the year. >> what about spending that got us in bind we're in? none of the revenue that will be generated will make a dent in our spending especially the 6 trillion the president has --. patti ann: brad, democrats are arguing
. under the laws, those withholding rates are supposed to go up because, as you know, all thoughts tax cuts that were passed over a decade ago were supposed to expire. and the irs is basically on the sideline waiting to see what happens on the hill between them and the president to see if, in fact, there's a reason to tell the current employers, hold on, there will be a freeze on those rates. if, in fact, they have to go to the new guidance, consumers will start to feel very early the hit to their paychecks of having gone over the fiscal cliff, even if there's auto deal that retroactively drags us back over the top of the cliff. >> it's an interesting point. greg, thank you so much. such a mess. >>> it was better news at the box office lately. hollywood is on track to post an all-time box office record this year. film lovers have flocked the theaters to see christmas day performances of les miserables and "unchanged." >>> stick around. still to come on the show, the summer olympics and u.s. election made to 2012 a bumper user for advertisers. will that continue in 2013? we'll ask the c
'll see estate taxes go up, investment taxes go up. there is an endless list of expiring provisions of law that will, in fact, expire if nothing is done. and i think even if something is done at this point, what you're looking at is something very scaled back, something very small and congress will have to come back next year and take a look at trying to get to some of those other issues. >> alistair here. that sounds about right to me, assuming that that scenario is how things play out. what sort of impact medium term do you think this is going to have on consumer and corporate confidence in america, given that the fiscal cliff is clearly weighed heavily on both of those in recent months? >> the sad thing, you know, from an observer's standpoint here is that there isn't much corporate or consumer confidence in the american government. and it's proved itself dysfunctional time and again over the last couple of years. what you hear now is not how people believe that there's going to be some last-minute deal, but how they remember the times that the t.a.r.p. bill, the fiscal bailout a few ye
on africa and many believe now is the time. this is an overgeneralization. the rule of law is not widespread enough in the continent. there is a glimmer of hope such as sun nish sha. countries such as egypt still questionable. we have seen mass rioting there and growing concerns whether the new rule of law and new constitution will effectively protect investors. >> just a few years ago, there were maybe 10 frontier emerging funds. now, there's more than 300. they're the hot thing. remember, even if there is growth there, very little liquidity. that's not a real place for mom and pop investors. that's still a white knuckle place even if there is growth. >> i'm looking at global industries 52 week highs, turkey, france, uk. lithuania, japan. can those do well? >> i think so. they're coming off their bottom. europe 20 through wh-- europe 2 what was our 2008. >> you think merkel gets re-elected? >> at this point. she seems to be doing okay. if merkel gets re-elected, she will be a major outlier. the general rule of thumb for almost all politician, you never survive a debt crisis. germany doesn't
Search Results 0 to 13 of about 14 (some duplicates have been removed)